If WE owned a pool of loans... would WE allow principal reductions?

``It's really amazing to me, but obviously there are a lot of people out there who are not only financially successful today but they've always been so... many are writers of blogs, others are journalists at traditional media outlets... and some run the FHFA and the Treasury... and they claim not to know the impact of principal reductions.  They can't study it, as it has no precedent... so they don't know how to think about it.''